Preparing for an Uneventful Compliance Audit
-->Examiners are raising their expectations of compliance audits. Will your credit union meet them? Doing so ensures your CU maintains its trustworthiness in the eyes of current and potential members alike. These best practices will prepare you for a stress-free compliance audit so you can keep your reputation intact.
Examiners exist to ensure the safety and soundness of your credit union. It is also their responsibility to ensure processes are in place to protect consumers. Today, regulators are turning up the heat to make sure consumers can 100 percent trust the credit unions they do business with.
“Over the span of my career, I’ve experienced countless exams and have seen the s...